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The Economic Espionage Act (EEA) is a federal law aimed at protecting U.S. businesses from the theft of trade secrets. It criminalizes the theft of trade secrets intended to benefit foreign governments or entities.
Entities and individuals who are involved in the theft or misappropriation of trade secrets may be required to report under the Economic Espionage Act. This typically includes businesses that may have been victims of espionage and have evidence to report.
Filing under the Economic Espionage Act typically involves gathering evidence of the theft of trade secrets and submitting a report to the appropriate federal authorities, such as the FBI or the Department of Justice. It may require legal guidance to ensure compliance.
The primary purpose of the Economic Espionage Act is to protect U.S. businesses from economic espionage, promote fair competition, and safeguard the innovation and trade secrets critical to the U.S. economy.
Individuals and entities must report details of the trade secrets that were stolen, the circumstances surrounding the theft, the parties involved, and any evidence that supports the claim of espionage.
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